Russian Ruble Rises to 3-Week High in Early Trade

TODAY: Dec. 25, 2014 PUB DATE: Dec. 25, 2014

By Andrey Ostroukh MOSCOW--The Russian ruble firmed to a three-week high in early trade Thursday, supported by local tax payments. The ruble gained nearly 2% to 52.4 versus the dollar, heading away from its weakest ever level of 80.1 hit ...

Dollar Lower Against Yen on Profit-Taking

TODAY: Dec. 25, 2014 PUB DATE: Dec. 25, 2014

By Hiroyuki Kachi The dollar was lower against the yen in quiet holiday trading on Thursday, with profit-taking trimming the greenback's gains from earlier this week. As of 0450 GMT, the dollar was at Y120.11 from Y120.44 late Wednesday in ...

Citibank Sells Japan Retail Unit to Sumitomo Mitsui -- Update

TODAY: Dec. 25, 2014 PUB DATE: Dec. 25, 2014

By Atsuko Fukase TOKYO--When Japanese regulators accused the local retail unit of Citigroup Inc. of improper lending practices in 2004 and ordered its private banking operations shut down, Charles Prince, then Citi's chief executive, bowed deeply before reporters and pledged ...

Russia Finance Minister: 2014 Inflation Seen at 11.5 Pct - Interfax

TODAY: Dec. 25, 2014 PUB DATE: Dec. 25, 2014

MOSCOW--Russia's consumer inflation will exceed earlier expectations but there is no need to keep interest rates at high levels for long time, Finance Minister Anton Siluanov said Thursday, Interfax news agency reported. In an attempt to save the ruble from ...

Beleaguered Greeks Seek a New Direction as Vote Looms

TODAY: Dec. 25, 2014 PUB DATE: Dec. 24, 2014

By Nektaria Stamouli And Alkman Granitsas ATHENS--For retired nurse Spyridoula Kantere, the Greek government's nail-biting struggle to elect a new head of state is just a sideshow to her own daily struggles. The 78-year-old widow, who lost her only son ...

Ukraine Angers Russia by Ending 'Nonaligned' Status -- Update

TODAY: Dec. 25, 2014 PUB DATE: Dec. 24, 2014

By Nick Shchetko and Alan Cullison KIEV, Ukraine--Ending its status as a nonaligned nation, Ukraine rekindled aspirations to join the North Atlantic Treaty Organization, a move that drew a quick rebuke from Moscow. Though largely symbolic, Tuesday's move highlights the ...

MARKET SNAPSHOT: U.S. Stocks Inch Higher; Oil Drops

TODAY: Dec. 25, 2014 PUB DATE: Dec. 24, 2014

By Anora Mahmudova and Carla Mozee, MarketWatch Weekly jobless claims drop to lowest level in 7 weeks NEW YORK (MarketWatch) -- U.S. stocks edged higher on Wednesday, building on five straight days of advances that sent both the S&P; 500 ...

U.S. Crude Oil Supplies Unexpectedly Rise

TODAY: Dec. 25, 2014 PUB DATE: Dec. 24, 2014

U.S. crude stockpiles made unexpected additions in the week ended Dec. 19, according to data released Wednesday the U.S. Energy Information Administration. Crude-oil stockpiles added 7.3 million barrels to 387.2 million barrels, compared with an average survey estimate for stocks ...

Oil Prices Slide on Surge in Supplies

TODAY: Dec. 25, 2014 PUB DATE: Dec. 24, 2014

By Timothy Puko Oil futures fell further Wednesday and gasoline prices set a new five-year low after data showed an unexpected surge in U.S. crude supplies. Light, sweet crude for January delivery fell by another 20 cents, recently trading lower ...

MARKET SNAPSHOT: Dow Ekes Out Gain For Its 37th Record Of 2014

TODAY: Dec. 25, 2014 PUB DATE: Dec. 24, 2014

By Anora Mahmudova and Carla Mozee, MarketWatch Weekly jobless claims drop to lowest level in 7 weeks NEW YORK (MarketWatch) -- The Dow Jones Industrial Average eked out another record close on Wednesday, but a late selloff cost the S&P; ...

India Approves Ordinance to Increase Foreign Investment in Insurance

TODAY: Dec. 25, 2014 PUB DATE: Dec. 24, 2014

By Rajesh Roy NEW DELHI--India's cabinet Wednesday approved an ordinance--or executive order--to allow greater foreign ownership in local insurance ventures, reflecting the government's determination to push through its economic agenda despite opposition protests that blocked the passage of several key ...

Oil Prices Ease but Hold on to Overnight Gains

TODAY: Dec. 25, 2014 PUB DATE: Dec. 24, 2014

By Eric Yep Crude-oil futures eased slightly in Asian trade Wednesday after overnight gains on the back of strong economic data from the U.S. and China. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February ...

French Unemployed Rises to New Record in November

TODAY: Dec. 25, 2014 PUB DATE: Dec. 24, 2014

By Sam Schechner PARIS--The number of unemployed people in France hit a new record high in November, figures showed Wednesday, increasing the challenge French President Francois Hollande faces to improve the eurozone's second-largest economy. The number of unemployed--defined as registered ...

U.S. Jobless Claims Fall to 280K

TODAY: Dec. 25, 2014 PUB DATE: Dec. 24, 2014

WASHINGTON--The number of Americans filing for first-time unemployment benefits fell last week, signaling continued improvement in labor-market conditions in the final stretch of the year. Initial jobless claims, a proxy for layoffs, declined by 9,000 to a seasonally adjusted 280,000 ...

Russian Weekly Consumer Prices in Record Rise

TODAY: Dec. 25, 2014 PUB DATE: Dec. 24, 2014

MOSCOW--Russia consumer prices showed the highest weekly gain since the start of the records in the week to Dec. 22, the data from the Federal Statistics Service said Wednesday. According to the data, consumer prices gained 0.9% in a week--the ...

U.S. Fixed Mortgage Rates Edge Up in Latest Week -- Freddie Mac

TODAY: Dec. 25, 2014 PUB DATE: Dec. 24, 2014

By Chelsey Dulaney Average fixed mortgage rates in the U.S. edged up in the latest week but still remained below 4%, according to mortgage-finance company Freddie Mac (FMCC). Freddie Mac Chief Economist Frank Nothaft stated Wednesday that the slightly higher ...